In a deal announced at the Asian Aerospace International Expo and Congress 2011 in Hong Kong, Cathay Pacific Airways has ordered 10 Boeing 777-300ERs valued by Boeing at $2.8 billion at list price.
Hong Kong-based Cathay Pacific Airways had announced an order for 15 more Airbus A330-300s at the show earlier the same day, so the 777-300ER order takes its total new orders announced at the Asian Aerospace International Expo and Congress to 25 widebody jets.
Cathay Pacific Airways first announced its selection of the Boeing 777-300ER for its fleet requirements in 2005. With this order, Cathay Pacific will increase its planned Boeing 777-300ER fleet from 36 to 46 aircraft, including four leased jets.
The March 9 order represents the fifth increase in Cathay Pacific’s acquisition plans for the long-range 777-300ER.
“Cathay Pacific is a world-class carrier and a valued long-time partner. It has made the 777-300ER the foundation of its significant fleet enhancement for long-haul routes,” says Marlin Dailey, vice president of sales & marketing for Boeing Commercial Airplanes.
The Hong Kong carrier uses the Boeing 777-300ER as the backbone for its ultra-long-haul and long-haul fleet, mainly serving destinations in North America and Europe.
“The Asia Pacific region is the world’s fastest growing aviation market and Cathay Pacific is well positioned in Hong Kong to take advantage of this blooming market to grow our business,” says Tony Tyler, Cathay Pacific Airways’ chief executive officer. “Our newest 777 order highlights our continued commitment to developing Hong Kong’s role as one of the world’s leading international aviation hubs. As we continue to expand our fleet, the 777-300ER will play a crucial role in our operations in the years to come.”
In addition to Boeing 777-300ERs, Cathay Pacific operates 12 Boeing 777-300s, five 777-200s and 45 747-400s in both passenger and cargo versions. The airline also has ordered 10 Boeing 747-8 Freighters.
More than 60 customers around the world have ordered nearly 1,200 777s.